<p>作者：馬丁</p>
<p>跨境在線經紀商富途證券和老虎證券最近進一步收緊了對大陸居民的開户限制。</p>
<p>根據最新的監管要求，這兩家經紀商顯著提高了開户門檻，基本上關閉了普通大陸居民的開户渠道。</p>
<p>富途證券的開户要求已發生變化。大陸客户現在需要持有海外永久居留的證明。</p>
<p>富途牛牛客服表示，公司目前正在升級系統，目前僅支持持有香港或澳門身份證的客户開户。</p>
<p>一旦系統升級完成，客户將能夠使用大陸身份證和海外永久居留證明開設賬户。</p>
<p>老虎證券也調整了其開户政策。為了響應最新的監管要求，該公司自上週起將不再接受大陸居民通過提供證明其海外工作或生活的文件來開户。</p>
<p>目前，僅接受持有非大陸中國身份證的客户申請。</p>
<p>這意味着沒有海外永久居留身份的大陸居民將無法在這兩家經紀商處開設新賬户。</p>
<p>跨境互聯網經紀商對大陸居民的開户大門進一步關閉，投資香港和美國股票的渠道收緊已成為近期市場關注的焦點。</p>
<h3>漸漸收緊的開户條件</h3>
<p>這一調整並非突發之舉。富途證券之前的開户政策是：大陸客户只有在實際工作或生活在國外的情況下，才能開設賬户，並且必須提供有效的大陸身份證和相關的海外工作或生活證明。</p>
<p>老虎證券之前的政策是：在國外生活的大陸客户需要提供有效的海外工作或生活證明，如當地工作簽證、居留許可、税單等。</p>
<p>從整改過程來看，富途證券和老虎證券逐漸收緊了大陸居民的開户條件。核心要求從其他海外證券公司已有賬户的證明，收緊到海外工作或生活的證明，最終到最近的完全關閉。</p>
<h3>監管背景與整改過程</h3>
<p>自 2022 年以來，兩家經紀公司應監管機構的要求，開始關閉大陸居民的開户渠道。2022 年 12 月，中國證券監督管理委員會（CSRC）發佈公告，宣佈推進對富途控股和老虎證券非法跨境業務的整改工作，並提出整改策略</p>
<p>“有效遏制增量，妥善解決存量問題。”</p>
<p>當時，CSRC 指出，富途控股和老虎證券在未獲得 CSRC 批准的情況下，為國內投資者開展跨境證券業務。根據《證券法》和其他相關法律法規，他們的行為構成了非法經營證券業務。</p>
<p>2021 年 10 月 15 日，CSRC 通過媒體表達了其監管態度；同年 11 月 11 日，CSRC 對富途控股和老虎證券的高管進行了監管談話。</p>
<h3>其他證券公司的類似行動</h3>
<p>不僅是富途和老虎證券，其他跨境證券公司也採取了類似的行動。</p>
<p>自 8 月以來，全球最大的互聯網證券公司 Interactive Brokers 也逐漸收緊了大陸居民的開户渠道，並且該公司的 APP 已從各大國內應用商店下架。</p>
<p>另一家海外經紀公司 Changbridge Securities 也在 6 月宣佈，將完全停止通過存款證明方式為大陸用户開户，其應用程序無法再被搜索或下載。</p>
<p>這些調整表明，監管機構正在全面深入地整改針對大陸居民的跨境互聯網經紀業務。</p>
<h3>投資香港和美國的正式渠道</h3>
<p>對於大陸投資者，投資香港股票的正式渠道仍然存在。目前，大陸投資者可以通過港深股票通和大陸上市的香港股票 ETF 投資香港股票。申請港股通的核心要求是，在申請接入前的 20 個交易日內，證券和資金賬户的日均資產不得低於人民幣 50 萬元。通過大陸投資香港上市的 ETF 沒有資金門檻，更加友好於中小型散户投資者。根據 Wind 數據，香港上市 ETF 產品的規模最近顯著增長，反映出投資者對香港股市的強烈興趣。關於未來大陸居民的開户門檻是否會恢復到原來的要求，富途證券客服人員表示，目前尚未收到任何相關通知。</p>
<p>隨着我國税務機關對個人海外收入的徵税力度加大，自今年第二季度以來，許多投資香港和美國股票的大陸居民收到了當地税務機關的多份退税通知。</p>

富途控股

<p>富途證券和老虎證券已收緊對大陸居民的開户限制，大幅提高了門檻。新的要求規定必須提供海外永久居留證明，實際上關閉了普通居民的開户通道。這一變化是響應中國證券監督管理委員會（CSRC）的監管要求，旨在遏制非法跨境業務。其他券商，如盈透證券，也在收緊准入。儘管有這些限制，大陸投資者仍可以通過現有渠道，如港股通，投資香港股票</p>

<p>Author: Martin</p>
<div class="lb-trans"><p>作者：馬丁</p>
</div><p>Cross-border online brokerages Futu Securities and Tiger Brokers have recently further tightened account opening restrictions for mainland Chinese residents.</p>
<div class="lb-trans"><p>跨境在線經紀商富途證券和老虎證券最近進一步收緊了對大陸居民的開户限制。</p>
</div><p>According to the latest regulatory requirements, the two brokerages have significantly raised the account opening threshold, essentially closing off account-opening channels for ordinary mainland Chinese residents.</p>
<div class="lb-trans"><p>根據最新的監管要求，這兩家經紀商顯著提高了開户門檻，基本上關閉了普通大陸居民的開户渠道。</p>
</div><p>Futu Securities' account opening requirements have been changed. Mainland Chinese customers are now required to hold proof of overseas permanent residency.</p>
<div class="lb-trans"><p>富途證券的開户要求已發生變化。大陸客户現在需要持有海外永久居留的證明。</p>
</div><p>Futu NiuNiu customer service stated that the company is currently upgrading its systems and currently only supports account opening for customers with Hong Kong or Macau ID cards.</p>
<div class="lb-trans"><p>富途牛牛客服表示，公司目前正在升級系統，目前僅支持持有香港或澳門身份證的客户開户。</p>
</div><p>Once the system upgrade is complete, customers will be able to open accounts using both a mainland ID card and proof of overseas permanent residency.</p>
<div class="lb-trans"><p>一旦系統升級完成，客户將能夠使用大陸身份證和海外永久居留證明開設賬户。</p>
</div><p>Tiger Brokers has also adjusted its account opening policy. In response to the latest regulatory requirements, the company will no longer accept mainland Chinese residents opening accounts by providing documents proving their overseas work or life starting last week.</p>
<div class="lb-trans"><p>老虎證券也調整了其開户政策。為了響應最新的監管要求，該公司自上週起將不再接受大陸居民通過提供證明其海外工作或生活的文件來開户。</p>
</div><p>Currently, it will only accept applications from clients holding non-mainland Chinese IDs.</p>
<div class="lb-trans"><p>目前，僅接受持有非大陸中國身份證的客户申請。</p>
</div><p>This means that mainland Chinese residents without overseas permanent residency status are no longer able to open new accounts with these two brokerages.</p>
<div class="lb-trans"><p>這意味着沒有海外永久居留身份的大陸居民將無法在這兩家經紀商處開設新賬户。</p>
</div><p>The door to account opening for mainland Chinese residents at cross-border internet brokerages has been further closed, and the tightening of channels for investing in Hong Kong and US stocks has become a focus of recent market attention.</p>
<div class="lb-trans"><p>跨境互聯網經紀商對大陸居民的開户大門進一步關閉，投資香港和美國股票的渠道收緊已成為近期市場關注的焦點。</p>
</div><h3>Gradually tightened account opening conditions</h3>
<div class="lb-trans"><h3>漸漸收緊的開户條件</h3>
</div><p>This adjustment is not a sudden move. Futu Securities' previous account opening policy was:Mainland Chinese customers can only open accounts if they actually work or live abroad, and they must provide a valid mainland ID card and relevant proof of overseas work or living.</p>
<div class="lb-trans"><p>這一調整並非突發之舉。富途證券之前的開户政策是：大陸客户只有在實際工作或生活在國外的情況下，才能開設賬户，並且必須提供有效的大陸身份證和相關的海外工作或生活證明。</p>
</div><p>Tiger Brokers' previous policy was:Mainland Chinese customers living abroad are required to provide valid proof of overseas work or living, such as local work visas, residence permits, tax receipts, etc.</p>
<div class="lb-trans"><p>老虎證券之前的政策是：在國外生活的大陸客户需要提供有效的海外工作或生活證明，如當地工作簽證、居留許可、税單等。</p>
</div><p>From the rectification process, Futu Securities and Tiger Brokers have gradually tightened the account opening conditions for mainland Chinese residents.The core requirements have been tightened from proof of existing account opening at other overseas securities firms to proof of overseas work or life, and then to the recent complete closure.</p>
<div class="lb-trans"><p>從整改過程來看，富途證券和老虎證券逐漸收緊了大陸居民的開户條件。核心要求從其他海外證券公司已有賬户的證明，收緊到海外工作或生活的證明，最終到最近的完全關閉。</p>
</div><h3>Regulatory Background and Rectification Process</h3>
<div class="lb-trans"><h3>監管背景與整改過程</h3>
</div><p>Since 2022, the two brokerage firms have begun to close account opening channels for mainland Chinese residents at the request of regulatory authorities. In December 2022, the China Securities Regulatory Commission (CSRC) issued an announcement announcing the advancement of the rectification work on the illegal cross-border business of Futu Holdings and Tiger Securities, and proposed the rectification strategy of</p>
<div class="lb-trans"><p>自 2022 年以來，兩家經紀公司應監管機構的要求，開始關閉大陸居民的開户渠道。2022 年 12 月，中國證券監督管理委員會（CSRC）發佈公告，宣佈推進對富途控股和老虎證券非法跨境業務的整改工作，並提出整改策略</p>
</div><p>&#34;effectively curbing the increase and orderly resolving the existing problem.&#34;</p>
<div class="lb-trans"><p>“有效遏制增量，妥善解決存量問題。”</p>
</div><p>The CSRC pointed out at the time that Futu Holdings and Tiger Securities conducted cross-border securities business for domestic investors without the approval of the CSRC. According to the Securities Law and other relevant laws and regulations, their actions constituted illegal operation of securities business.</p>
<div class="lb-trans"><p>當時，CSRC 指出，富途控股和老虎證券在未獲得 CSRC 批准的情況下，為國內投資者開展跨境證券業務。根據《證券法》和其他相關法律法規，他們的行為構成了非法經營證券業務。</p>
</div><p>On October 15, 2021, the CSRC expressed its regulatory attitude through the media; on November 11 of the same year, the CSRC held a regulatory interview with senior executives of Futu Holdings and Tiger Securities.</p>
<div class="lb-trans"><p>2021 年 10 月 15 日，CSRC 通過媒體表達了其監管態度；同年 11 月 11 日，CSRC 對富途控股和老虎證券的高管進行了監管談話。</p>
</div><h3>Similar actions by other securities firms</h3>
<div class="lb-trans"><h3>其他證券公司的類似行動</h3>
</div><p>Not only Futu and Tiger Securities, other cross-border securities firms have also taken similar actions.</p>
<div class="lb-trans"><p>不僅是富途和老虎證券，其他跨境證券公司也採取了類似的行動。</p>
</div><p>Since August, Interactive Brokers, the world's largest Internet securities firm, has also gradually tightened the account opening channels for mainland Chinese residents, and the company's APP has been removed from various domestic application stores.</p>
<div class="lb-trans"><p>自 8 月以來，全球最大的互聯網證券公司 Interactive Brokers 也逐漸收緊了大陸居民的開户渠道，並且該公司的 APP 已從各大國內應用商店下架。</p>
</div><p>Another overseas brokerage, Changbridge Securities, also announced in June that it would completely halt account opening for users in mainland China through the proof of deposit method, and its app could no longer be searched or downloaded.</p>
<div class="lb-trans"><p>另一家海外經紀公司 Changbridge Securities 也在 6 月宣佈，將完全停止通過存款證明方式為大陸用户開户，其應用程序無法再被搜索或下載。</p>
</div><p>These adjustments indicate that regulators are comprehensively and deeply rectifying the business operations of cross-border internet brokerages targeting mainland residents.</p>
<div class="lb-trans"><p>這些調整表明，監管機構正在全面深入地整改針對大陸居民的跨境互聯網經紀業務。</p>
</div><h3>Formal Channels for Investing in Hong Kong and the United States</h3>
<div class="lb-trans"><h3>投資香港和美國的正式渠道</h3>
</div><p>For mainland investors, formal channels for investing in Hong Kong stocks still exist. Currently, mainland investors can invest in Hong Kong stocks through the Hong Kong-Shenzhen Stock Connect and mainland-listed Hong Kong stock ETFs. The core requirement for applying for Hong Kong Stock Connect is that the average daily assets in the securities and capital accounts must be no less than RMB 500,000 in the 20 trading days prior to applying for access. Investing in Hong Kong-listed ETFs through mainland China has no capital threshold, making it more friendly to small and medium-sized retail investors. According to Wind data, the share size of Hong Kong-listed ETF products has grown significantly recently, reflecting investors' strong interest in the Hong Kong stock market. Regarding whether the account opening threshold for mainland residents will be restored to the original requirement in the future, Futu Securities customer service staff stated that they have not received any relevant notification at this time.</p>
<div class="lb-trans"><p>對於大陸投資者，投資香港股票的正式渠道仍然存在。目前，大陸投資者可以通過港深股票通和大陸上市的香港股票 ETF 投資香港股票。申請港股通的核心要求是，在申請接入前的 20 個交易日內，證券和資金賬户的日均資產不得低於人民幣 50 萬元。通過大陸投資香港上市的 ETF 沒有資金門檻，更加友好於中小型散户投資者。根據 Wind 數據，香港上市 ETF 產品的規模最近顯著增長，反映出投資者對香港股市的強烈興趣。關於未來大陸居民的開户門檻是否會恢復到原來的要求，富途證券客服人員表示，目前尚未收到任何相關通知。</p>
</div><p>As my country's tax authorities increase their enforcement of taxation on personal overseas income, many mainland residents investing in Hong Kong and US stocks have received numerous tax refund notices from local tax authorities since the second quarter of this year.</p>
<div class="lb-trans"><p>隨着我國税務機關對個人海外收入的徵税力度加大，自今年第二季度以來，許多投資香港和美國股票的大陸居民收到了當地税務機關的多份退税通知。</p>
</div>

Futu Securities and Tiger Brokers tighten account opening channels in mainland China

- 富途證券和老虎證券收緊了大陸居民的開户限制。  
- 大陸客户需持有海外永久居留證明，普通居民無法開户。  
- 監管機構要求整頓跨境證券業務，影響投資渠道。  

富途證券和老虎證券在中國大陸收緊了開户渠道